The acetonitrile market is estimated to be USD 219.2 Million in 2017 and is projected to reach USD 277.1 Million by 2022, at a CAGR of 4.8% from 2017 to 2022.

Flourishing pharmaceutical industry across the globe, along with increased use of acetonitrile in the analytical industry is expected to drive the growth of the acetonitrile market during the forecast period.

The Asia Pacific region is the largest market for acetonitrile across the globe. Continuously increasing population and growing number of end-use industries in the region have also led to increased demand for acetonitrile in the Asia Pacific region. This, in turn, is fueling the growth of the Asia Pacific acetonitrile market. In addition, continuous R&D activities being carried out in the region for the development of new medicines and pesticides are also fueling the growth of the Asia Pacific acetonitrile market.

The growth of the acetonitrile market is due to flourishing pharmaceutical industry across the globe, which is the major consumer of acetonitrile. Acetonitrile is also used in agrochemicals for synthesizing vitamins and pesticides. It is used to carry out extraction of fluids from fatty acids. In the petrochemical industry, acetonitrile is used as an extractive distillation solvent. However, a limited number of direct production facilities of acetonitrile across the globe acts as a restraint to the growth of the acetonitrile market.